LPL Financial (NASDAQ:LPLA) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Tuesday, ValuEngine reports.

Several other research firms also recently issued reports on LPLA. Goldman Sachs Group reissued a “buy” rating and issued a GBX 265 ($3.46) price target on shares of Tesco in a research note on Tuesday, April 2nd. Zacks Investment Research downgraded ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday, July 10th. BidaskClub raised Zumiez from a “sell” rating to a “hold” rating in a research note on Saturday, June 22nd. Citigroup downgraded Apergy from a “buy” rating to a “neutral” rating and dropped their price target for the company from $41.00 to $34.00 in a research note on Tuesday, July 9th. Finally, Compass Point downgraded LPL Financial from a “buy” rating to a “neutral” rating and set a $84.13 price target on the stock. in a research note on Wednesday, May 8th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. LPL Financial presently has a consensus rating of “Buy” and a consensus price target of $83.88.

LPLA opened at $85.28 on Tuesday. The firm has a 50-day moving average price of $82.85. LPL Financial has a 1 year low of $52.03 and a 1 year high of $86.43. The firm has a market cap of $7.15 billion, a P/E ratio of 14.19, a price-to-earnings-growth ratio of 0.82 and a beta of 1.34. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.40 and a quick ratio of 1.40.

LPL Financial (NASDAQ:LPLA) last released its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $1.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.60 by $0.33. LPL Financial had a return on equity of 53.97% and a net margin of 9.42%. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter last year, the business posted $1.01 EPS. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. Research analysts expect that LPL Financial will post 6.98 EPS for the current year.

In related news, insider Michelle Oroschakoff sold 6,000 shares of LPL Financial stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $84.51, for a total value of $507,060.00. Following the sale, the insider now owns 15,563 shares of the company’s stock, valued at $1,315,229.13. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Tracy Calder sold 500 shares of LPL Financial stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $84.25, for a total value of $42,125.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,722 shares of company stock worth $653,055. 2.20% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in LPLA. Norges Bank acquired a new stake in shares of LPL Financial in the fourth quarter valued at about $72,501,000. AJO LP grew its holdings in LPL Financial by 794.9% during the first quarter. AJO LP now owns 1,254,257 shares of the financial services provider’s stock worth $87,359,000 after purchasing an additional 1,114,099 shares during the period. FMR LLC grew its holdings in LPL Financial by 46.8% during the first quarter. FMR LLC now owns 2,589,022 shares of the financial services provider’s stock worth $180,326,000 after purchasing an additional 825,829 shares during the period. American Century Companies Inc. grew its holdings in LPL Financial by 101.5% during the fourth quarter. American Century Companies Inc. now owns 1,496,567 shares of the financial services provider’s stock worth $91,410,000 after purchasing an additional 753,956 shares during the period. Finally, Eagle Asset Management Inc. grew its holdings in LPL Financial by 884.0% during the first quarter. Eagle Asset Management Inc. now owns 516,540 shares of the financial services provider’s stock worth $35,977,000 after purchasing an additional 464,048 shares during the period. 93.74% of the stock is currently owned by institutional investors and hedge funds.

LPL Financial Company Profile

LPL Financial Holdings Inc, together with its subsidiaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, retirement and 529 education savings plans, fixed income, and insurance, as well as alternative investments, such as non-traded real estate investment trusts and business development companies.

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Analyst Recommendations for LPL Financial (NASDAQ:LPLA)

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